Latest News COQC664= Companies Act proposed amendments for Comments by 15.2.26 | Case Law title | Islamabad Capital Territory (Tax on Services) Ordinance, 2001 | Consultant Support Materials
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DNVC of 1.1.26=11.7.47

01 January 2026

Author: Mr Asif S Kasbati (FCA, FCMA & LLB)

Dear Learned Recipient

 

590+ Taxes & Levies (including FED, GIDC, Budgets, IMF, ORS/BS 19+ FST cum Customs Duty but excluding those which are exclusively about Customs Duty)

1.             FBR faces over Rs300 billion shortfall in revenue collection in 1HFY26-PK

2.             FBR to scrutinise tax records of nearly 500 top exporters-BR

3.             FBR reviews G-B tax exemption-ET

4.             FBR cracks down on exporters after sharp drop in declared income-PK

5.             FBR faces Rs336bn revenue shortfall in first half of current fiscal-TNS

6.             Tax-exempt goods meant for G-B: FBR introduces safeguards to prevent misuse-BR

7.             Taxpayer Registration: An Essential Step for Tax Year 2026-PK

8.             Know About Audit Powers of FBR Commissioner in Tax Year 2026-PK

9.             Collection falls short by Rs331bn in July-December-DD

10.          FBR misses tax target by Rs330b-ET

11.          Islamabad M-tag deadline extended fifteen days-DTS

12.          IMF orthodoxy institutionalizing Pakistan’s economic decline-BR

 

Economy & Inflation matters (including Import, Export & CPEC)

1.             Major economic indicators performed well before floods-TN

2.             Economy projected to maintain positive momentum in coming months: Govt-TN

3.             Aurangzeb projects over 4% growth as economic reforms boost confidence-TN

4.             Pakistan sees economy sustaining momentum-TNS

5.             LCCI calls for fair taxation to support sustainable economic growth-TNS

6.             Experts warn rapid population growth straining Pakistan’s resources-TN

7.             PTCL spreads its wings: A new chapter for Pakistan’s digital future-TN

8.             EBM leads day 5 at Young Leaders Conference 2025-TN

9.             SAPM chairs meeting on local manufacturing of vaccines-TN

10.          Trade fair spurs BRI cooperation-TNS

11.          Early sowing, adequate stocks keep wheat outlook firm-TNS

12.          Minister says Pakistan plans up to four new deep-sea ports with focus on environment-TNS

13.          PCJCCI sees AI as game changer for construction efficiency, sustainability-TNS

14.          2025 battered businesses despite macro stability, says BMG chief-TNS

 

15.          FPCCI, ICCD will organise STF & Expo from Jan 22 in Karachi-BR

16.          FPCCI, Afghan Chamber hold a virtual meeting-BR

17.          PIDE seminar: ‘Fisheries & aquaculture sector has potential to generate USD10bn per year’-BR

18.          PM launches economic governance reforms-DD

19.          Rs336bn shortfall: Jul-Dec tax collection totals Rs6.154trn-BR

20.          ‘Macroeconomic stability masks challenges facing businesses and industry’-BR

21.          Misgovernance & low growth-DD

22.          PM Shehbaz launches economic governance reforms, declares stability achieved-PK

23.          PM rolls out governance reforms under IMF lens-ET

24.          Dhaka handshake chips at the freeze-ET

25.          New seaports planned to boost economy-ET

26.          Wheat sowing in full swing-ET

27.          Majority of Pakistanis optimistic about 2026 growth-DTS

28.          KMC plans to conduct fresh survey of katchi abadis-BR

29.          Women in Pakistan: A year of resistance, reform, and renewed demands for equality-TN

30.          Ministry launches quality education roadmap amid skepticism-TNS

31.          FD outlook: Inflation may stay moderate at 5.5-6.5% in Dec-BR

 

36+ Customs Duty (including PSW)

1.             30.5 MT of smuggled betel nuts seized-BR

2.             Gadani Customs seizes smuggled betel nuts worth Rs252.2 million-PK

 

300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)

1.             SBP unveils ‘financial inclusion index-BR

2.             Bank of Punjab launches Pakistan Skills Impact Bond to boost youth employment-PK

3.             Bank holiday-DD

4.             Financial inclusion stands at 58.1pc in Pakistan-DD

5.             Pakistan’s financial inclusion level stands at 58.1 in 2024-TNS

6.             LOLC Group ushers in a new era of Shariah-compliant banking-TN

 

Market (Stock, Currency, Gold, Textile, Cotton & PMEX)

1.             PSX closes last session of 2025 on bearish note-DD

2.             PSX ends volatile final session lower after briefly crossing 175,000 points-TNS

3.             PSX maintains record-setting rally-ET

4.             PSX ends historic year with modest fall-ET

5.             PSX slips 418 points in volatile session-DTS

6.             KSE-100 ends year’s last session in red after touching 175,000-BR

 

7.             Rupee gains 3 paisa against US dollar-DTS

8.             Rupee closes slightly higher-TN

9.             Pakistani rupee loses Rs1.75 against dollar in 2025-PK

10.          SBP releases daily interbank currency exchange rates – December 31, 2025-PK

 

11.          Gold prices fall by Rs2,500 per tola-TNS

12.          Today’s Gold and Silver Prices in Pakistan – December 31, 2025-PK

13.          Pakistan gold prices extend losses, end 2025 at Rs456,962 per tola-PK

14.          Gold prices fall by Rs 2,500 per tola to Rs 456,962-DTS

15.          Gold soars Rs184,000/tola in 2025-ET

16.          Pakistan Gold today price & History with search of any date

17.          Pakistan Silver today price & History with search of any date

 

18.          World Gold & SIlver Prices Live and Gold Price World Price History

19.          World Silver & Gold Price Live and Silver History (USD)

 

20.          Sugar industry calls for swift deregulation-ET

 

21.          FIA & ETPB action: KCA says not fixing cotton spot rates since Dec 13th-BR

22.          FIA & ETPB action: KCA says not fixing cotton spot rates since Dec 13th-BR

 

POL, Gas, other Minerals & Electricity (including Solar & Water)

1.             Petrol price cut by Rs10.28, HSD’s by Rs8.57-BR

2.             Pakistan cuts petrol price by Rs10.28 per litre to start 2026-PK

3.             Petrol price slashed by Rs10.28, diesel by Rs8.57 for next fortnight-DD

4.             Petrol price slashed by Rs10.28/litre-TN

5.             Govt cuts petrol, diesel prices as New Year relief-TNS

 

6.             LPG price increased by Rs10.68-BR

7.             Govt raises LPG price by Rs10.69 per kg-TN

8.             A blueprint of energy sector-TN

9.             SNGPL, WAPDA, Ghani open President’s Trophy campaign with victories-TN

10.          Refineries warn of shutdowns as OMCs cut uplift of local products-TNS

 

11.          Power Division claims tariff cuts, Rs3.4tr relief in 2025 reset-TNS

12.          Rs3.23/unit surcharge to clear loans taken for paying off circular debt not part of power tariff-TN

13.          Use of RLNG: Nepra quizzes CPPA-G-BR

14.          Thatta Cement approves 7.5MW wind power project-BR

15.          Power tariff likely to be cut by Rs0.72-ET

16.          Govt rings in New Year with Rs10.28 per litre petrol cut-ET

17.          Household LPG prices jump Rs126 from Jan 1-DTS

18.          Electricity prices likely to fall under monthly adjustment-DTS

19.          PM orders major penalty: FBR demotes BS-20 IRS officer over inefficiency, misconduct-PK

 

Weather Updates 

1.             The Weather-BR

2.             Islamabad Weather Update: Thunderstorm Expected on January 1, 2026-PK

3.             Siberian winds likely from 4th: Light rainfall brings change in weather conditions-BR

4.             Snowfall blankets Kalam, draws tourists to five-day snow festival-TN

 

320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)

1.             Pakistan finalises ‘National Vaccine Policy’-BR

2.             Pharma industry seeks faster approvals, transparent rules in talks with health minister-TNS

 

Interesting, Motivational & Exemplary

Basheer Juma-Family Business Constitution مشترکہ خاندانی کاروبار کے دستور کا مسودہ

 

Other Pakistan

1.             New Year security: Lawbreakers will be dealt with iron hand: CCPO-BR

2.             KSA’s security reaffirmed: Pakistan concerned at resurgence of violence in Yemen-BR

3.             LHC moved against Ownership of Property Act-BR

4.             NADRA introduces facial recognition for biometric verification-PK

5.             WhatsApp launches festive features for new year-DTS

6.             PAL to host literary dialogue with Farrukh Sohail Goindi-APP

7.             PM Shehbaz, FM Dar hold talks with UAE, Saudi Arabia leaders=TN

8.             CJP calls four JCP meetings this month to confirm 37 additional HC judges-TNS

9.             Pakistan expresses complete solidarity with Saudi Arabia-TNS

10.          SC rejects bail plea in passerby killing during cross-firing case-TNS

11.          Meaningful dialogue limited due to political polarisation: PILDAT-TNS

12.          LHC benches decide 173,000 cases in 2025-TNS

13.          PM Shehbaz, Saudi Crown Prince discuss regional developments, stress peace through dialogue-TN

14.          PM Shehbaz, MBS stress peace through dialogue, diplomacy-TN

15.          'First high-level contact since May standoff': Indian FM shakes hands with NA speaker at Khaleda Zia's funeral-TN

16.          Shehbaz, MBS discuss regional situation, current developments-TNS

17.          MPAs oppose federal appointments to Punjab institutions-TNS

18.          14 killed in Jhang bus-van collision-TNS

19.          Any violation of territorial integrity to be met with decisive response: CDF-TN

20.          Two ECP officials released on bail in illegal recruitment case-TNS

21.          CCD’s operations help Punjab see major drop in crime during 2025-TNS

22.          NAB recovers over Rs6tr in landmark 2025 performance-TNS

23.          Aleem Khan extends New Year greetings, reaffirms resolve for unity & peace-TN

24.          204 govt services go online as E-Biz Portal expands-TN

25.          N-25 highway to be completed in two years: Aleem Khan-TN

26.          NA speaker offers condolences on Khaleda Zia’s death in Dhaka-TN

27.          Pakistan expresses solidarity with KSA, concerned over renewed violence in Yemen-TN

28.          NA speaker’s Dhaka visit sees rare Pak-India contact-TN

29.          Mohsin Naqvi vows record developments by 2027-DTS

30.          NA speaker meets son, daughter of late Khaleda Zia for condolence-APP

31.          Pakistan vows decisive response to any territorial violation: Field Marshal-DTS

32.          PM stresses need to maintain peace, stability through diplomacy, dialogue-APP

33.          Karachi police clamp down on aerial firing-DTS

34.          Pak-Afghan trade restarts at Torkham border-DTS

 

Other International

1.             Israeli prime minister discusses possible second strike on Iran with Trump-TN

2.             Gasperini awaits emotional return to Atalanta-ET

3.             From strategic margins to global relevance-ET

4.             FO voices concern over Yemen violence

5.             Seoul to host New Year countdown event on Gwanghwamun Square-APP

6.             Shehbaz, MBS reaffirm strong bilateral ties-ET

7.             Putin wishes Russians victory in Ukraine in New Year speech-ET

8.             Shehbaz, Crown Prince discuss Ummah unity and diplomacy-DTS

9.             Norway’s crown princess to undergo Lung transplant-DTS

10.          Air China orders 60 Airbus jets in $9.5B deal'-DTS

11.          India initiates first high-level contact since May war-DTS

12.          Saudi Cabinet approves energy MoU with Pakistan-DTS

13.          PM Shehbaz, Saudi Crown Prince discuss regional developments, stress peace through dialogue-APP

 

The below news items are extracted after sending yesterday email:

(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), Express Tribune (ET), The News (TNS), The Nation (TN) & Associated Press of Pakistan (APP)] and

(B) Three other Business Websites [Pakistan Revenue (PK), Profit Pakistan Today (PPT) & Daily Times (DTS)]

(C) The above areas are covered by average 5 specialized team members, covering about 16 hours per day at different timing slots, under the Leadership of Mr Asif S Kasbati (FCA, FCMA & LLB).

 

If your Goodself gets this email without Links, please contact us immediately.

 

Best regards

Kasbati & Co Team


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